The Currency Crisis and Government Credit Mist
A lengthy critique condemns government policy for creating a banking surge and widespread bank suspensions. It argues theTreasury order forced immediate specie payments, benefiting banks and speculators while harming small buyers of public lands. The speaker predicts universal bank stoppages, urges Congress action, and condemns the administration for mismanaging the currency.
MENTIONED IN THIS ARTICLE
National Bank
Congress
Treasury
U. States
United States Bank
New England
Massachusetts
Boston
St. Louis
United States
Ohio State
Batrimone
Washington
Treasury Bank
Executive Department
Great Money Corporation
West End
Metropolis
Rives
Gen. Jackson
van Buren
Globe
Bank of the
Orly
Prr
Selzi
Kendall
Additional particulars of loss of the Ben Sherrod
Natchez papers recount the Ben Sherrod disaster as the ship burned after a boiler overheat during a race with the Prairy. Doused by alcohol fueled excess, crew and passengers fled alarms, many leaping into the river. The Alton and Columbus rescue attempts caused further drownings. 175 of 235 aboard perished.
MENTIONED IN THIS ARTICLE
Natchez
Ben Sherred
Ray
Louisville
Columbus
U. States
Alton
Hamilton
Limestone County
Ala
Statesman
M’dowell
Adams
Rundell
Buffalo Creek
Francia Few
Hard
Ben Sherrod
Mississippi
Red River
Fort Adams
Asten
Col Johnson Bhat Returns to the Great Crossings
Col Johnson Bhat returns to the Great Crossings where he observed bask prospects at New Orleans and noted darker ones at the Crossings Pe.
MENTIONED IN THIS ARTICLE
Cook
Rubens
Hamilton
Antwerp
Sir Joseph Banks
Pacific Ocean
Olaheite
New Zealand
New Holland
England
Resolution
Antarctic
Y. Gazette
Col Johnson Bhat
New Orleans
Also Mentioned on This Page
Silliman
Describ
Davenport
New York New Era
Bosler Dai
Beltzhoover
Marietta
Ofa Collings
Gardiner